The NY Times Massive Debt

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The New York Times has $46 million in cash and a total debt load of $1.1 billion. Gulp.

Billionaire Carlos Slim has given the cash-strapped New York Times $250 million.

Via, Media Memo.

There Are 4 Comments On This Article.

  1. The way it’s written it seems like an almost (unbelievable) philanthropic act.

    It’s just another loan.

  2. ann crimmons

    i guess kathy ryan still found the money to hire a british photographer, fly him in and shoot the worst portraits . how patriotic.